Palm Pre Launching June 6 For $199

Like Apple's (AAPL) iPhone -- the phone it's going to compete closest with -- it'll cost $199. Unlike the iPhone, Sprint and Palm will make you go through the hassle of redeeming a $100 mail-in-rebate.

Beyond Sprint stores and online, the Pre will sell at Best Buy (BBY), RadioShack (RSH), and some Walmart (WMT) stores.